Buffalo, NY (WBEN) - Is the Catholic Diocese of Buffalo making moves to prepare for a bankruptcy filing?
As first reported by Channel 2, credit cards connected to the diocese will be shut down as of Friday afternoon. The move could be seen as a step toward a bankruptcy filing.
Friday morning, the Diocese confirmed to WBEN that they are closing their credit card account, but said it is not related to a bankruptcy filing.
"The diocese has not made any determination regarding filing for Chapter 11 reorganization," said Diocese spokeswoman Kathy Spangler in a statement. "The memo that was sent out today, while stating our current credit card account is being closed, told cardholders that they will be updated shortly regarding our replacement card program."
The Catholic Diocese of Rochester filed for Chapter 11 Bankruptcy protection earlier this month, despite facing far fewer lawsuits than Buffalo does under the Child Victims Act.